Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ALIGN TECHNOLOGY (ALGN) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ALGN was recently trading at $480.13 and has an implied volatility of 44.61% for this period. Based on an analysis of the options available for ALGN expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $480.26-$585.74 at expiration. In this scenario, the average linear return for the trade would be 61.68%. 52 week high: ALIGN TECHNOLOGY recently reached a new 52-week high at $483.99. ALGN had traded in the range $127.88-$475.37 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if ALGN maintains its current direction and does not revert back to pricing on the bearish side of $480.13 on 15-Jan-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if ALIGN TECHNOLOGY closes at or above $479.40 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.36% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.